Chart - Courtesy Trading View
AUD/USD was trading 0.59% higher on the day at 0.7088 at around 03:10 GMT.
The Australian dollar finding bids ahead of the Reserve Bank of Australia (RBA) interest rate decision.
The Reserve Bank of Australia (RBA) is expected to deliver a hawkish monetary policy outcome and Interest Rate Decision at 04:30 AM GMT later on Tuesday.
Markets expect the RBA to lift its 0.1% cash rate to 0.25% and follow with a move to 0.5% in June.
Futures imply a whole string of hikes taking rates to around 2.5% by the end of the year and to 3.5% by the middle of 2023.
Focus will be on the monetary policy Rate Statement that follows for cues on near-term AUD/USD moves.
Technical bias for the pair is majorly bearish. Oversold conditions may cause some pullbacks. However, retrace is likely to be limited.


FxWirePro : EUR/NZD slips lower, set to stay on back foot
FxWirePro: USD/CAD extends loses as bearish sentiment grips
FxWirePro: GBP/NZD drifts lower ahead of busy UK economic calendar
EUR/JPY Eyes 185.00 Breakout as Broad Euro Buying Drives Upside Momentum
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD hits 2-week low, scope for further downside
FxWirePro- Woodies pivot (Major)
NZDJPY Explodes Higher on NZD Buying: All EMAs Flash Extreme Bullishness Toward 96.25
FxWirePro : EUR/NZD attracts selling interest, could be on verge of a bigger drop
NZDJPY and AUDJPY Hit Perfect 100: JPY Currency Scores Flash Extreme Bullishness
FxWirePro: GBP/NZD sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
GBPJPY Bulls Eye 217.00: Key Buying Opportunities on Dips Near 215.50
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
EURUSD, GBPUSD, NZDUSD & AUDUSD Surge to Extreme Bullish 100 Scores — USDCAD Plunges to -100 Bearish Territory | Key Major Levels to Watch 



